The story of crypto enthusiast Vidu selling his kidney in 2022 to buy a Bored Ape Yacht Club NFT highlights the risks in cryptocurrency investments.
The Peak of NFT Mania
In January 2022, Vidu posted online claiming he sold one of his kidneys to purchase a Bored Ape Yacht Club NFT. The post featured an image of his NFT and a surgical wound, reflecting the cultural status of BAYC at its peak.
Decline in BAYC Prices
Recently, crypto enthusiast Crypto Beast shared on X that Vidu's investment had not paid off. The value of BAYC NFTs has fallen from over 150 ETH to below 25 ETH, marking a decline of 98%. This serves as a stark example of the risks associated with NFT investments.
Lessons from the Past
The situation shows that many investors took extreme measures in pursuit of digital ownership. However, as interest in NFTs cooled and broader markets declined, many faced losses far exceeding financial.
Vidu's experience and those like him underline the importance of critical risk assessment in NFT and crypto asset investments. Attention is gradually shifting toward assets with real utility.
